Sherif Ismail: All facilities will be provided to investorsSource: www.export-egypt.com 8/7/2017

Prime Minister Sherif Ismail during the minister's monitoring of the file on plots of land in order to establish economic projects, especially economic ones said that the government is intent on adopting all indispensable measures to lure investors to set up new enterprises or expand the currently in operation projects.

The government is keen on taking all the necessary measures to encourage investors to establish new projects or expand the current projects which serve the national economy, said the Prime Minister.

The government is keen on providing all the necessary facilities to the investors in order to accelerate steps in allocating the necessary plots of land in the various sectors, affirmed the prime minister.

The economic ministerial group meeting under premier Sherif comprising some ministers pledged to provide all facilitations to the investors to increase the volume of local and foreign investments.

The prime minister directed officials to review the executive regulation of the investment law in its final form on the next economic meeting.

Meanwhile, the cabinet is scheduled to discuss the final draft executive regulations of the Investment Law on, said Sherif Ismail

Observations made by concerned ministries have been gathered ahead of the cabinet meeting to mull the draft rules, Ismail said.

The premier underlined the importance of directives made by President Abdel Fattah El Sisi on the necessity to promote scientific research by the state institutions and to make sure that it serves labor market and production.

He also hailed a remarkable development made in the scientific research system over the past three years.

Egypt may exceed its 10 billion-dollar target for foreign direct investment this year as a new investment law comes into force, according to Investment and International Cooperation Minister Sahar Nasr.